Bitcoin is up in value to 16,770 dollars! Last time I talked about Bitcoin was a few months ago when it was valued at 4500 dollars. The last month it’s being going up 100% in value! Bitcoin is a digital cryptocurrency also known as BTC. On Sunday it got launched on Cboe Global Markets.
So bitcoin this week has been started to be available on U.S. exchanges like Chicago Mercantile Exchange and Chicago Board Options Exchange. This means you can start to trade on it and hold it in future contracts.
This contract allows you to buy or sell the bitcoin in the future at a certain time. So you hold the BTC asset and in the future you either receive more or have to pay.
This is used by banks and funds to use for risk management. And we really don’t know how it will affect BTC. Because Bitcoin right now both goes up and down a lot. It’s not in a stable stage.
This betting on the future value of bitcoin will be most interesting for investors with more money to take risks with. But Bitcoin is too volatile for the average person to invest in. Since how taxes and things like that work in each country becomes more confusing.
The Winklevoss twins back in 2015 founded a firm that trades cryptocurrency and it’s called Gemini. But the volumes are smaller than on some other exchanges. So it may not be accurate so it may be manipulated a bit. They also have had outages which can be a disaster for an investor.
Cameron Winklevoss said that Bitcoin may go 20 times higher in price. Which can mean eventually that 1 Bitcoin is worth 320 thousand dollars! So it might still be a very good investment. But should only be for people that have money they are willing to risk.
One of my favourite concept’s is the idea of being an owner of all the things in your life. When you are an owner in life you have full control over the direction of your life. And you have much more freedom. Sure it will take more work to become an owner of certain parts of your life but the work is never the problem once you get into a flow of it. Once you start to get into a flow of work you actually like the process of growth.
Being an owner of parts of your life involves so many things. For example having your own business. It’s about more responsibility in life. It will turns us into full adults faster. When we truly are responsible we also many times feel free and put in more effort and work. Because we know we can control the outcome. There are many interesting ways you can become an owner over parts of your life.
You can start with things we take for granted. Let’s take a basic app on Android that is being a calculator. Why not make your own calculator? And use your own app? Maybe it will take a week to learn but after you learned that skill suddenly you have taken a massive step into being more of an owner. In learning new things we take big leaps into become owners in life.
I have another example when I was researching products on Amazon. I found out that many of these products we think are special because it has a brand logo on it. That you can actually order these gadgets already from China and create your own custom branding! Suddenly if you would do that you would use something with your company name on it! How cool. Another major step into becoming an owner.
So this idea of becoming an owner it can happen in small steps. Once you see the small steps are working you can try bigger ones. And build up higher levels of self-confidence. With the power of the internet becoming an owner over your life the knowledge you would need is all there for you to pickup.
But just because knowledge is easily available these days most people end up not value it. Or see the potential in it. This all comes down to one thing I was talking about in another blog post about the importance of paying attention in life. If you pay close attention in life to the task you are involved in you will see things other people do not see. But it will require you to focus with a deeper level of intensity.
One of my favorite books of all time talking about human nature is a book from a great author who have had many jobs and observed human nature a lot. He is called Robert Greene and here is a great quote from his book The 50th Law:
I will also add some more quotes from this book in this blog post because it has some intense raw truth quotes.
To be able to have this intense focus in life you have to study consciousness more in life and how it works. For example right now you can open another tab in your browser and google “human consciousness”. I’m sure it will bring up some interesting results. And I have also been talking about it in other blog posts.
Being an owner means limitless opportunities where you can take your life. If you do not become an owner usually what will happen is you will slowly be trapped by other peoples goals to become owners. This doesn’t happen because someone is mean. It’s just a natural law that if you do not take control over your life someone else will. We think we are independent islands in life while that is not the case.
We also absorb new information and always get’s influenced by other sources. Whatever we like it or not. It is happening. So you better take control over things that has an influence on you. And try to make sure it’s from good sources.
We humans wanna be awake. Not asleep. Basic jobs and not being owners of our lives put’s us into a sleep mode. Because repetitive jobs will keep you unconscious. More responsibility in life will keep you awake. Because your life will be more at risk If your business don’t go well. So you have to become extremely good at business and become an adult very fast.
Usually what happens is you will find out the world isn’t as scary place as you made it up in your life. There is always help to get from all kinds of sources. And nature love’s a good hearted person and will help that person as much as it can. Being a slave and not an owner over my life scares me.
The world we live in is way more safe than in the past. We do not live in the jungle anymore but our tribal brain still thinks we are. Because the world have changed rapidly over the last 100 years. The amount of opportunity people have with a tool like the internet is mind-blowing. The internet should be used to network as much as possible and actually build real connections that can move your life forward.
But many people do not take advantage of the internet. You have all the knowledge available right in your phone. The amount of limitless potential that exists is so wild. Back in the days to be able to get knowledge was super hard. Because books was expensive. But now in history there is a short window where knowledge is available for a cheap price so you should try to suck up as much good knowledge as possible.
Because we never know if this internet thing will last. It can be closed down tomorrow. Because if it’s one thing that mother nature has taught us then it is that life is always changing. Things are in constant change. So if you are not changing then you are probably being left behind. The more knowledge we learn the more we will find out how ignorant we have been in the past. Thinking that we know a lot. When in fact most of human society is in a state of deep unconsciousness mode.